Asberry 22 Holdings Inc (ASHI)

[bernardsamuel]

I do want to share with the group one concern I do have about VHUB, as in the past the group has provided reasons to be less concerned, primarily involving how the penny stock market is a different kind of animal.

When I noticed the relatively small quarter-over-last-year growth in gross revenues for the second fiscal quarter, I semi-remembered that the company had made a multi-year sales (and even bottom line) forecast last spring for some conference. I put this out of my mind for awhile, and then this morning I went digging and found the following excerpt in an 8K release in June 2015, having to do with the company's presentation at the LD Micro Conference.

Three Year Growth Rate The chart with that name is a few pages into the presentation.

If you take a look at the sales numbers forecast for 2015 and 2016 (as we can't be sure that the years referenced in the forecast refer to fiscal years beginning in the particular year, fiscal years ending in the particular year, or calendar years), you'll see that VHUB does not seem to be on its way this fiscal year, with half the year already gone, towards even an $8 million year in revenues.

I can understand how back-of-the-envelope forecasts are not commitments (I made a lot of those forecasts during my career) and I really do understand the cautionary language that goes with all forecasts. But what I don't understand is how a company lets something that's way off target just "sit out there" without being updated. Credibility does count, especially as this company is looking into finding input of new equity, per the recent 10Q.

I guess this is sort of a plea that the company share with its shareholders (and again I admit that I'm not invested here, as contrasted to just being interested for reasons I provided a few times in my posting history) whatever forecasts it's using with potential investors, as the current group of investors deserves to be treated no less well than potential investors.

...and of course the context of all this is that the earnings release didn't do anything, one way or the other, for the share price this week (despite some wild intra-day volatility), so one can conclude the issue I'm raising really doesn't matter in the least.

Have a good weekend!